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Is the perfect real estate storm about to pop the housing bubble? - The 5th Estate
An enraged terrier on the ass of the power elite...
lullabypit
5th_estate
lullabypit
Is the perfect real estate storm about to pop the housing bubble?
I've been waiting for the housing crash for awhile. I'm not an expert, but it has seemed to me that we have:
  • a lot of empty existing units;

  • a ridiculous excess of new units being built;

  • absolutely insane financing deals being offered; and

  • accelerating foreclosure numbers.
In other words, a perfect storm is brewing. (More at S&R...)

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